Palestine Government Budget
Palestine recorded a Government Budget deficit equal to 0.80 percent of the country's Gross Domestic Product in 2012. Government Budget in Palestine averaged -2.25 Percent of GDP from 1999 until 2012, reaching an all time high of 4.30 Percent of GDP in 2008 and a record low of -8.20 Percent of GDP in 2002. Government Budget in Palestine is reported by the Palestine Monetary Authority.
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||Percent of GDP
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Palestine Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.